Kevin Spacey Will Not Receive International Emmy Award in Light of Sexual Misconduct Allegations

Less than 24 hours after actor Anthony Rapp came forward with allegations that the House of Cards actor made a "sexual advance" toward him when he was 14, the International Academy of Television Arts & Sciences has stripped Spacey of an upcoming honor.

The Oscar winner will no longer receive the 2017 International Emmy Founders Award, a statement obtained by E! News read. "The International Academy has announced today that in light of recent events it will not honor Kevin Spacey with the 2017 International Emmy Founders Award," the Academy said Monday.

It was announced in June that Spacey would be recognized as "one of the great multi-dimensional talents" who "crosses cultural boundaries to touch humanity" at the 45th International Emmy Awards Gala on November 20 in New York City.

A replacement honoree has not been announced and Spacey has yet to comment on the Academy's decision.

In his statement addressing Rapp's claims, Spacey, 58, apologized for "drunken behavior" he did not recall while simultaneously coming out as gay.

"I have a lot of respect and admiration for Anthony Rapp as an actor," he wrote on social media. "I am beyond horrified to hear his story. I honestly do not remember the encounter as it would have been over 30 years ago. But if I did behave then as he describes I owe him the sincerest apology for what would have been deeply inappropriate drunken behavior and I am sorry for the feelings he described having carried with him all these years."

Spacey also wrote, "This story has encouraged me to address other things in my life...I have loved and had romantic encounters with men throughout my life, and I choose now to live as a gay man."

Meanwhile, Spacey has not commented on his peers' perspectives. Netflix also announced Monday that House of Cardswould end after season six, but said its decision to conclude the political drama was already in the works for a few months.